ATTENTION🔥
📈 Risk appetite has SPIKED to historic levels
🤯 Goldman Sachs' Speculative Trading Indicator has just recorded one of the largest quarterly jumps since 1990
What does this indicator measure⁉️
▪️Volume in penny stocks (stocks under $5)
▪️Stocks with no earnings
▪️Companies with extreme valuations (EV/Sales >10x)
📊 The data is brutal:
▪️Volume in penny stocks is in the TOP 2% of all months since 1990
▪️Stocks with extremely high multiples in the TOP 4%
▪️Trading in unprofitable companies in the TOP 15%
🔙 Only two episodes had similar peaks:
▪️The Dot-com Bubble in 2000
▪️The meme stock craze 2020–2021
📍Speculation is in parabolic mode POSSIBLY due to expectations that the FED will cut rates
📍If not, things could get ugly
